petro wrote:
sorry, but you have no idea what you're talking about. this is an economic puzzle, not a political one. food, clothes, tobacco, gas/petrol
Then you neither understand politics, or economics.
one was part of my study, the other not.
And no, I don't claim to either, but as near as I can tell there isn't a spits worth of difference between economics and politics.
I do believe there is. a market is more difficult to buy than a politician, for one.
Food maybe, but tobacco and gas are both things that *can* be done without.
in theory. in real life, consumption does NOT change a tiny bit with price changes. there's a (largely theoretical) cut-off point, where consumption suddenly drops to or near zero after a certain price, but I'm not aware of any events where this actually happened.